Malta's House Prices Saw Third-Highest Growth Rate In The EU At End Of 2018

Vanessa Conneely - 11th April 2019

New figures released by Eurostat showed strong growth in Q4.

House prices in the EU - including Malta – saw the third-highest rate of growth in the fourth quarter of last year, according to the latest report by the statistical office of the European Union, Eurostat.

House prices here in Malta rose by 6.2 per cent in the last three months of 2018, compared to the same quarter in 2017.

During that period, Malta ranked third among countries which had shown an increase, only pipped to the post by Slovenia and Latvia.

In the same period, decreases in house prices were recorded in Denmark ( down by 1.7 per cent), Belgium ( down by 0.5 per cent), United Kingdom (down by 0.4 per cent), Sweden, Italy and France (all down by 0.2 per cent). 

The House Price Index showed that figures for property across the EU - as well as the Euro area - increased by 4.2 per cent.  

Among the Member States – where data was available – the highest annual increases were recorded in Slovenia (up by 18.2 per cent), Latvia (up by 11.8 per cent) and Czechia (up by 9.9 per cent), while prices fell in Italy (down 0.6 per cent).

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Malta's House Prices Saw Third-Highest Growth Rate In The EU At End Of 2018